Raytown Single Family - Primary Residence

[Scott Hinkel]

Investment Info:

Single-family residence fix & flip investment in Raytown.

Purchase price: $120,000
Cash invested: $9,000

I live in this home and have been house-hacking it while remodeling it slowly. The remodel is done, which allowed me to appraise with $55K in equity and close on a 100% LTV HELOC that I am actively trying to invest with as of November 2020. The house-hack revenue provides $500/month and after refinancing to lower interest and get out of PMI, my monthly living costs are now ~$300 thanks to this property.

[Scott Hinkel]

Thank you @Marlen Weber. Hoping it's not beginner's luck!